SkyBlueFlux
Well-Known Member
The drop continued today to $12.55 and still falling. Trump’s shares are now worth $1.4Bn.
There are legal questions over whether he can sell yet given he indicated to the market he wasn’t going to and he has a material holding. At the very least there’s probably not enough liquidity in the market for him to sell such a large volume at that price.
This is relevant because the civil fraud case appeal is set to start with oral arguments on Thursday. That will likely take a month to reach a verdict. He would be on the hook for nearly $500m, he also currently owes Carroll $90m pending those appeals. He has $145m of assets locked up as part of the civil fraud bond which would be immediately seized if he loses appeal.
So basically by the end of October he might need to find $400m - which is immediately prior to the election, it would be a huge distraction. He seemed to struggle enough scraping the bond money together. Even if he does sell up to pay his legal bills it would be quite funny if he ended up selling his Truth Social stock, crashing the value, and in so doing all the MAGA fans will have effectively siphoned $400m straight to the state of New York.
